Altcoins

The popular cryptocurrency data aggregator, CoinGecko, reviewed the events in the digital asset market in Q1 2020. According to the report shared with CryptoPotato, Bitcoin ultimately ended up losing 11% of its value, but some altcoins and stablecoins managed to record gains and decreased BTC’s dominance.  Bitcoin’s Q1 Data The unexpected outbreak of the COVID-19 pandemic put pressure on most financial markets, including cryptocurrencies. With the violent price fluctuations in Q1 2020, most...

At the time of writing, several cryptocurrencies are showing new signs of life. Bitcoin, for example, is once again trading above $7,000 for the second time this month.Bitcoin Has Broken $7K AgainIn addition to BTC’s sudden burst, Ethereum is trading for $170, while other major coins – such as Ripple and Litecoin – have also shot up. For the most part, the cryptocurrency industry appears to be on a path of recovery along with stocks as the Dow Jones has shot up more than 400 points since...

The total value transferred on the Ethereum network reached full parity with Bitcoin last week. It’s mainly due to the increasing role of stablecoins in the market as they are responsible for 80% of all transactions on the Ethereum blockchain. Ethereum Network Transfer Value Parity With Bitcoin A publication revealed by Ryan Watkins, a researcher in the cryptocurrency intelligence firm Messari, showcased the comparison in transferred value on Ethereum and Bitcoin. Transferred Value On...

The coronavirus appears to be taking a toll on Facebook’s Libra project.Libra Is Now SmallerLibra was first introduced in June of last year. The project was designed to initiate an entire payment network in which users could potentially pay for goods and services through Facebook utilizing a new cryptocurrency known as Libra. There was just one big problem… At the time, nobody trusted the social media giant.Facebook’s reputation had been seriously marred by the Cambridge Analytica scandal...

Binance, the world’s leading cryptocurrency exchange, published a new white paper for a solution called Binance Smart Chain. It’s a new blockchain that will run in parallel to Binance Chain and will also support smart contract functionalities. Binance Announces Smart Chain Blockchain In a recently published whitepaper, Binance announced the development of Binance Smart Chain – a new blockchain that will support smart contract functionality. The new network is described as an innovative...

The most widely used American cryptocurrency exchange, Coinbase, reported increased $1,200 deposits yesterday. Interestingly, this coincides with the stimulus checks for the same amount that the U.S. government began sending this week to fight the financial struggles caused by the coronavirus pandemic. Record $1,200 Coinbase Deposits According to data provided by Coinbase CEO Brian Armstrong, the popular exchange received a record number of $1,200 deposits yesterday. Coinbase $1,200...

Bitcoin saw a notable increase in its price yesterday, conquering the $7,000 level, and it did a good job staying above so far. Meanwhile, the futures on legacy markets are also in the green, as news broke out that the Gilead coronavirus drug supposedly shows effectiveness. Bitcoin Price Above $7,000 As Cryptopotato reported yesterday, Bitcoin marked a steady increase upwards of $550 in 90 minutes to surge over $7,000. At the time of this writing, the cryptocurrency is trading just shy of...

Bitcoin cash price started a fresh increase from the $206 weekly low against the US Dollar.The price is up more than 10% and it broke the key $230 resistance area.There was a break above a major bearish trend line with resistance near $230 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to continue higher towards the $245 and $250 resistance levels.Bitcoin cash price is showing a few bullish signs above $230 against the US Dollar. BCH/USD bulls seem to be...

Bitcoin SV (BSV) has been at the center of controversy since it first arrived in late 2018. Nevertheless, it looks like many crypto providers and exchanges are moving hell and high water to ensure its customers have access to it.Bitcoin SV: It’s Presence GrowsThe latest exchange to offer bitcoin SV comes in the form of Indacoin, which is now allowing users to purchase BSV with a Visa or Mastercard. Indacoin – which is available to customers in more than 170 countries – is also facilitating...

In a world where crypto theft appears to be running rampant, Google is taking the steps necessary to ensure digital currency users can keep their money where it belongs… in their own wallets.Google Fights Crypto CrimeGoogle has recently announced the removal of just under 50 separate Chrome extensions from its web store. These extensions posed as legitimate cryptocurrency wallet applications, but in fact contained hacker code that caused all funds and login data stored within them to be...